The cheapest, nicest hotels in Lisbon
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Lisbon’s hotel scene is flourishing and some of the cheapest, nicest hotels in Lisbon are adding to its proposition as a popular mini-break destination. For every pastel de nata store there’s a nearby boutique hotel or expansion of a global brand. And while Lisbon is no doubt home to some stunning places to lay your head, not everywhere is affordable. Which is where we come in. We’ve scoured the city to find the best affordable hotels, all with rooms available for less than £250 a night.
Whether you’re looking for a central hotel in Avenida Liberdade or Bairro Alto, to be near the popular Time Out Market in Mercado da Ribeira or want to discover cool neighbourhoods such as Principe Real and Rato, there’s plenty on offer in one of Europe’s most exciting cities. From a fun and frivolous stay in one of the city’s coolest neighbourhoods to a relaxing escape away from the hustle and bustle, these are our favourite affordable Lisbon hotels.
For more inspiration on where to stay in the city, visit the best hotels in Lisbon and our edit of the best Airbnbs in Lisbon.
How we choose the cheapest, nicest hotels in Lisbon
Every hotel on this list has been selected independently by our editors and written by a Condé Nast Traveller journalist who knows the destination and has stayed at that property. When choosing hotels, our editors consider both luxury properties and boutique and lesser-known boltholes that offer an authentic and insider experience of a destination. We’re always looking for beautiful design, a great location and warm service – as well as serious sustainability credentials. We update this list regularly as new hotels open and existing ones evolve. For more information on how we review hotels and restaurants, please look at our About Us page.
hotelThe Vintage
This may well be one of the best hotels I have ever stayed in – there, I said it. An understated elegance, style, and attention to detail leave guests fully satisfied following their stay.
The surroundings immediately feel special – a roomy lobby with mid-century touches provides an ideal place to chill or to set up your out-of-office email. The rooms are a delight – the themes are ‘inspire, relax, and play’. ‘Play’ is rendered in a deep, relaxing terracotta that nods to Lisbon’s rooftops. Pops of colour come with Bauhaus-esque wall art and an old-school telephone that rings down to reception. All rooms have one-off vintage chairs and trolley bar carts with a complimentary gin and tonic kit, including a sachet of botanicals.
A small yet charming rooftop bar has a great sunset view over the city, and in the basement, you will find a pool, steam room, and spa using Portuguese brand Claus Porto products, French brand La Sultane de Saba and Italian brand Comfort Zone. An a la carte breakfast is served downstairs – I recommend the omelette. Matt Charlton
Address: R. Rodrigo da Fonseca 2, 1250-191 Lisboa
Price: From about £164 per night
Courtesy Convent Square LisbonhotelVignette Collection Convent Square
The IHG chain is behind this splendid offering, but their fingerprint is so light that you would only notice because every bit of their hotel know-how seems to have been applied here. In this design-centric sub-label, every care has been taken to be sympathetic to the original building, the historic, lively city, and the spirit of creativity which runs through it.
As the name suggests, we find ourselves in an old convent, with Capitulo, the hotel's hub, serving breakfast and dinner as the centrepiece. Dating back to 1242. The 121 rooms, lobby, and restaurant have been built around the convent's original open-air cloister, which lends an air of shelter and tranquillity, given that you’re located in the hopping Baxia neighbourhood.
If you want a truly local moment, the hotel’s Memorable Rituals experience invites its guests to infuse their own tea blend using a selection of herbs and leaves, just as the convent's Dominican monks would have done back in the day… It makes a refreshing change from sardines and pastel de nata. Matt Charlton
Address: R. Dom Antão de Almada 4, 1100-373 Lisboa
Price: From about £250 per night
hotelLumiares
Let’s work from the top down with this one. With sweeping vistas of the Portuguese capital’s terracotta roof and undulating landscape, the all-day restaurant and bar is as popular with locals as it is with tourists. Picture a wrap-around wooden deck offering uninterrupted views as you scoff such delights as duck rice with black pork chorizo and some excellent cocktails amongst a buzzy atmosphere. Breakfast is a la carte – I recommend the chicken empanadas.
This all sits on top of a renovated 18th-century palace located in the Barrio Alto (high neighbourhood) district and offers 47 apartments and penthouses, each with a private terrace and elegantly furnished with bursts of pattern, such as zig-zag rugs that mirror the decoration of the public spaces, and tapestries by local weavers.
Talking of the public spaces, palatial meets art deco flourishes, with bespoke artwork and furniture and an enormous and striking lighting installation hanging over the main staircase. Not to be outdone, the reception desk is a block of gold and plates beautifully against the gleaming black and white tiled floors.
Mapped-out walking and running routes through Lisbon are also available – though it was 41 degrees when I was there, so I decided against that, opting for the well-equipped, 24-hour gym instead. There is also a small but very attractive spa. Matt Charlton
Address: R. do Diário de Notícias 142, 1200-146 Lisboa
Price: From about £230 per night
Luis FerrazHotel 1908
Located right across from arguably one of Lisbon’s best restaurants – seafood heaven Cervejaria Ramiro – Hotel 1908 is a gem, set in a stunningly imposing 20th-century structure on a corner of Lisbon loved by locals and visitors alike. As one of the city’s most iconic buildings, you’ll feel the grandeur from the minute you set eyes on the hotel. Opened in 2019 after years of dereliction, the property now pays tribute to Portuguese artists within, with artworks woven into the original nooks and crannies of the design. This is a hotel that focuses on the smaller details; a warming green and purple colour theme, black face towels specifically for makeup removal and personal service from the staff, who remember your name and greet you warmly.
Rooms here are also suitably unique; guests can take in a view of lively Largo do Intendente from ‘Square Rooms’, while the ‘Attic Rooms’ are a set of three rooms with an exclusive lobby which can be either booked individually or together. The jewel in the crown, should you be willing to splash out more, is ‘The King of Dome’ – the main suite with a huge amount of space and access to the hotel’s emblematic dome, for a stay that feels really special. Matt Charlton
Address: Largo do Intendente Pina Manique Nº 6, 1100-285 Lisboa
Price: From about £140 per night
Francisco NogueiraHotel Hotel
Booking off-season or midweek means you can score a bargain at this new hotel, which opened in July 2022. It's become a city haunt in its own right thanks to its unique design and restaurant, Animal, which brings some much-needed Asian-inspired flavours to the city. Guests can choose to sit inside or in the courtyard, with a living wall which features plants found in the nearby Botanical Garden of Príncipe Real, plus a striking black-tiled pool. These unique design touches are the major selling point of the hotel, which grabs guests from the offset thanks to its green-tiled exterior in a scale-like 3D pattern. The interior and exterior design here was created by local artists, and the result is visually enticing. Expect a mini gallery of artwork on each floor, and a snake-print carpet guiding you up the stairs.
The hotel’s 36 rooms are surprisingly muted in comparison to the common areas, but not without their own style. In muted ochre, dusty pink and sage, and each with bespoke furniture, sizes range from small to a junior suite, and most have Lisbon’s classic wrought iron balconies. The sheer variety and well-thought-out details at this hotel make it feel like a particularly special stay.
Address: Tv. Glória 22, 1250-118 Lisboa
Price: From about £166 per night
Manuel MansoLumen Hotel
Affordable hotels can lack personality, but Lumen shuns traditional stereotypes with its unique design. The 160-room hotel uses light in clever ways, to flood the rooms and common areas allowing guests to soak in Lisbons’ famed sunshine. The open-air theme continues on the rooftop, which has an orange tiled pool – a rare thing in the city centre – and has arguably one of the best views of the city. There’s also an inner courtyard and a wonderful restaurant serving inventive Portuguese dishes including tuna pica-pau and shredded duck (where the majority of tables face towards the garden, so guests can soak up more vitamin D). But the shining crown in the hotel’s connection with the sky is a nightly video mapping show in the courtyard, where guests can watch images of the city projected onto the walls in a stunning 15-minute show.
Every room has a floor-to-ceiling window, either with a view of the street or the inner courtyard (meaning, yes, you can watch the evening show from your room) and is decorated either yellow, orange or grey to reflect the colours of the sky at different times. Beds are large and comfortable, and staff are on-hand 24/7, should you need any assistance.
Address: R. Sousa Martins 20, 1050-217 Lisboa
Price: From about £140 per night
Francis AmiandMama Shelter
If you want a brand you can rely on, Mama Shelter is always a good option. With properties in 16 cities, the brand knows how to please a crowd, and their mix of playful irreverence and easy, fun living can be a welcome reprieve from formal, buttoned-up city centre hotels.
The brand’s Lisbon property opened in 2021, just as the city’s post-Covid boom was beginning. Conveniently set near Principe Real, one of Lisbon’s trendiest neighbourhoods, the brand brings a fun vibe to rival some of the more traditional local hotels. Rooms are small, as is to be expected in an affordable hotel, but the brand makes the most of the space available with large windows, quirky artwork and even X-rated entertainment on the large-screen TVs (guests are encouraged to have fun during their stay). The hotel’s restaurant is described as "a Portuguese reinterpretation of a French brasserie" and serves dishes including black Angus carpaccio and salmon tartare, plus pizza by the slice to eat in or take to your room. The jewel on the crown is the rooftop bar, which rivals some of Lisbon’s high-level offerings with its views across the city and excellent cocktail list (the Amália Rodrigues, a twist on a Negroni, is a favourite).
Address: R. do Vale de Pereiro 19, 1250-270 Lisboa
Price: From about £100 per night
Wine & Books
Yes, the name may sound gimmicky at first glance – but the Wine & Books franchise is becoming a brand to know in Portugal thanks to its references to local culture and history and impeccable service. The Lisbon hotel was the first to open in 2021, and the brand is now opening new properties in Porto and Sintra. Created with a promise to offer genuine Portuguese experiences, interiors are focused on a mix of old meets new. Expect modern luxuries (the cloud-like beds and on-site spa, for example) alongside nods to the past in the form of antique furniture and the restaurant, Tasca de Memória, with a menu created by chef Hugo Cortez Teixeira which honours traditional recipes and culinary experiences.
Located outside of central Lisbon in Belém (about 10km from the city centre), this hotel is an ideal base for those who want to see a different side of the city. Belém itself is full of historic monuments – from the historic tower overlooking the Tagus river to the stunning Jerónimos Monastery or even the lesser-known but equally beautiful Memória church, just across the road from the property – and makes for a more unusual visit to the Portuguese capital.
Address: Tv. da Memória 62, 1300-403 Lisboa
Price: From about £136 per night
Palacio das Especiarias
Palacio das Especiarias translates to "spice palace" in English, and this 16th-century building pays homage to a time when spices were reserved for the upper classes in Portugal. Now, the building – and ingredients – are far more accessible, although traditional details very much remain. Guests here can expect high-ceilinged rooms, grand staircases and a gorgeous outdoor courtyard, all of which feel authentically Portuguese without going OTT.
Each room is unique so you will be impressed whichever you book – whether it's an affordable room with palatial interiors and river views or the superior suite, which has a private terrace and impressive outdoor bath (plus arguably the best bathtub view you could ask for). The spa is well worth a visit during your stay for a candlelit underground massage in the most serene of environments.
Address: R. Horta Seca 11, 1200-221 Lisboa
Price: From about £140 per night
Matthew BuckIndependente Principe Real
The Independente, between the sleepless Bairro Alto and the very trendy Príncipe Real, is great fun. Partly a hostel, it's not going to be for everyone, but it's witty and shabby-chic-endearing and the suites are excellent by any standards. There’s also an excellent bar and restaurant, making this the perfect place for solo travellers who want to meet new people in a chic space. Matthew Buck
Address: R. de São Pedro de Alcântara 83, 1250-238 Lisboa, Portugal
Price: From about £100 per night
Sandro BruecklmeierSheraton Lisboa
In a city of such classic beauty, and low-rise, windy streets, this tower block building sticks out like the proverbial sore thumb… but it’s what on the inside that counts, right? Thankfully, the Sheraton delivers on this front, living up to the brand name history, but is also very conveniently placed within walking distance of high-end department store Corté Ingles, and Eduardo VII Park, with its stunning topiary festooned viewpoint.
It can be found in the middle of the business district, and there are 369 rooms to choose from, which come in Deluxe, Premium and Club. The Club option – more expensive than our budget – will give you access to the club lounge, which offers complimentary breakfast and things to pick at during the rest of the day. At the end of the day, the aptly named Panorama Bar is well worth a visit; not only is the view stunning, it also means that you don’t have to look at the building you’re staying in. The menu is a delight, and is a fantastic showcase for Portugal’s natural bounty, with quality seafood and a very tempting crispy custard tart.
There’s a well-equipped 24 hour fitness centre, which also offers a personal trainer who will take you on a city run, though this part isn’t available 24/7… a person has to rest. There’s also a spa, and a heated outdoor pool.
Address: R. Latino Coelho 1, 1050-234 Lisboa
Price: From about £250 per night